Overview / Commentary
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 284th largest bank in the nation. It was established in 1923 and as of December of 2018, it had grown to 247 employees at 5 locations. Merchants Bank of Indiana's money market rates are 4X the national average, and it boasts an A+ health rating.

Related Posts

View all posts from:


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #8056
Year Established1923
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.92%
Return on Equity - YTD16.14%
Annual Interest Income$137.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$3.71B$3.39B
LoansQ4 2018vs Q4 2017$2.79B$2.36B
DepositsQ4 2018vs Q4 2017$3.10B$2.95B
Equity CapitalQ4 2018vs Q4 2017$424.8MM$411.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$12.6MM$8.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.2MM$2.8MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Merchants Bank of Indiana; we are a rate comparison website and cannot provide official rates or promotions.

Merchants Bank of Indiana Money Market Rates

1.75%-$1mMoney Market Account
1.75%-$1mBusiness Money Market Account

Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.